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brucefan

brucefan

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Rocky Gap generates $4.7 million in September


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Rocky Gap Casino Resort includes 579 slot machines and 18 table games.

CTN file photo

















CUMBERLAND — Rocky Gap Casino Resort generated $4.7 million from its slot machines and table games in September, a 6.1 percent increase when compared to the same month last year, according to numbers released by the Maryland Lottery and Gaming Control Agency.
Combined, the state's six casinos made nearly $135 million for the month, an increase of $37.4 million compared to September 2016.
In a year-to-year comparison not including MGM National Harbor, which opened Dec. 8, statewide casino revenue decreased nearly $12 million. MGM National Harbor generated just under $50 million from its slot machines and table games last month.



Revenue at Rocky Gap increased $270,970 from last year's September numbers.
The resort operates 665 slot machines and 17 banked table games. Gross gaming revenue per unit per day was $206.23 for slot machines and $1,648.53 for banked table games.
The other casinos that showed year-to year increases were Ocean Downs and Hollywood Casino Perryville.
Casino contributions to the state go to the Maryland Education Trust Fund and also support small-, minority- and women-owned businesses, local impact grants and the state’s horse racing industry.
In Allegany County, the funds benefit Opportunity Scholarships for students attending Allegany College of Maryland and Frostburg State University, local fire companies, board of education capital programs and the county’s pay-as-you-go account.





In August, Rocky Gap resort officials said contributions to Allegany County totaled nearly $3 million since the casino's 2014 opening.
Rocky Gap Casino Resort is a subsidiary of Las Vegas-based Golden Entertainment.
Maryland Lottery and Gaming is responsible for oversight of the state’s casinos.






CUMBERLAND TIMES-NEWS, ctn@times-news.com http://www.times-news.com/news/loca...cle_4c698faa-0fe8-5f6b-8bbf-cd97decd95ba.html
 
brucefan

brucefan

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earnings tonight

Nov 2, 2017 | Blake Sartini, blog |
Transformational.
That is the simplest word to describe our recently completed acquisition of the four casinos associated with American Casino & Entertainment Properties.
In one move, Golden Entertainment has more than doubled its size and its influence in the Nevada gaming community. We are a leading Nevada-focused regional gaming company, positioned to grow through our state’s powerful economic strength.
Golden Entertainment is a well-respected brand in Nevada. This month, we will open our 56th Nevada-style tavern in the Las Vegas-area though PT’s Entertainment Group. We have plans underway to continue growing our market-leading presence in 2018.
The company’s distributed gaming operations is the largest in the United States with our route partners in Nevada and Montana.
The addition of the four properties gives us a presence in four key Southern Nevada gaming markets and continues to establish the Golden Entertainment brand.
The Stratosphere Casino, Hotel & Tower is an iconic Las Vegas destination. Our goal is to make it even better. We view the Stratosphere as not just the centerpiece of a revitalization of the north end of the Las Vegas Strip, but the catalyst for creating new destination experiences that may cover a mile-long section of Las Vegas Boulevard, from Sahara Avenue to Charleston Boulevard.
We look forward to working with the City of Las Vegas in making this vision a reality.
Our vibrant Las Vegas locals’ business is bolstered by the addition of Arizona Charlie’s Casino Decatur and Arizona Charlie’s Casino Boulder. The two casinos complement our growing tavern business and our distributed gaming operations.
The Aquarius Casino Resort in Laughlin provides Golden Entertainment with the Colorado River community’s leading gaming property. Our three Pahrump casinos – Pahrump Nugget, Gold Town and Lakeside – are the market leaders in Nye County.
We are also proud of our Rocky Gap Casino Resort in picturesque Western Maryland. The property is adjacent to the Rocky Gap State Park and is home to Maryland’s only Jack Nicklaus-designed 18-hole championship golf course.
We have added a very experienced and credible team to bolster our existing family and Golden Entertainment now employs more than 7,200 team members.
I have been involved in the gaming business since 1982 and our management team’s DNA is in casino operations.
I founded Golden Entertainment in 2001 with 900 gaming devices in taverns throughout the Las Vegas Valley. Our company has come a long way and this transaction is truly transformational event.
Over the next 12 to 18 months, look for Golden Entertainment to capitalize on our new scale and begin rolling out more benefits for our long-standing customer base and our new customers who have been loyal to the Stratosphere, Aquarius and both Arizona Charlie’s properties.
Blake L. Sartini
Chairman and CEO
 
Steiner69eR

Steiner69eR

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brucefan said:
[FONT=wf_segoe-ui_normal]Golden Entertainment Third Quarter Net Revenue Rises 3.9% to $108.3 Million, Net Income of $8.6 Million and Adjusted EBITDA Increases 20.1% to $15.1 Million [/FONT]https://finance.yahoo.com/news/gold...t-210500595.html?soc_src=community&soc_trk=ma
Click to expand...

What a monster!!!
Of course I dropped the 2 casino behemoths for PRTS..:puppy:

Just bought into Full House Resorts. Hoping that it’ll be the next big runner.

Thanks as as always for the insight and updates!
 
brucefan

brucefan

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Steiner69eR said:
What a monster!!!
Of course I dropped the 2 casino behemoths for PRTS..:puppy:

Just bought into Full House Resorts. Hoping that it’ll be the next big runner.

Thanks as as always for the insight and updates!
Click to expand...


FLL Big winner there.

Im still all in on PRTS . Been frustrating for sure but being worked on
 
brucefan

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[h=1]PT’s continues 2017 growth; launches third year of ‘Ride Safe’[/h]Dec 8, 2017 | Blake Sartini, blog |
PT’s Entertainment Group has been busy in 2017. We are not done.
In November, we opened our fifth all-new PT’s Gold this year. Our newest traditional Nevada-style tavern is at 8275 Fort Apache Road, north of Wigwam Avenue and across from the western entrance to the Rhodes Ranch residential community.
We have five more taverns planned for next year, starting in January with a PT’s Gold for South Green Valley Parkway and Horizon Ridge. The next four will follow along schedule in the Las Vegas area. We will soon pass the 60-tavern threshold through with our popular brands – PT’s Pub, PT’s Gold, PT’s Ranch, PT’s Brewing Co., Sean Patrick’s, Sierra Gold, and SG Bar.
Golden Entertainment Inc. is bullish on the vibrant Las Vegas economy and we see continued opportunities for expansion and growth. Our development strategy centers on expanding the PT’s brand throughout the Las Vegas market and bringing the best tavern experience to the growing areas of the valley. We are also proud to employ more than 800 team members in our Nevada taverns.
The other four taverns we opened in 2017 are PT’s Gold on Valley View south of Sunset Road, PT’s Gold on Buffalo Drive near Warm Springs, PT’s Gold at the intersection of Decatur Boulevard and Silverado Ranch Road, and PT’s Gold on Oso Blanca Road in Centennial Hills.
All our taverns are participating with Lyft Las Vegas in the “Ride Safe” program during the holidays. This is the third year of the program we introduced and our first with Lyft.
The partnership encourages our guests not to drink and drive. At the same time, we found a way to benefit the Las Vegas Metropolitan Police Department Foundation.
Through Jan. 1, PT’s Entertainment Group will donate $1 to the foundation for every Lyft ride from one of our Southern Nevada taverns. Lyft has also agreed to contribute an additional $1 to the foundation for every ride taken from the taverns.
Drugs and alcohol factor into nearly half of all fatal traffic crashes in Clark County.
Providing a safe ride alternative to and from our taverns is a priority. The “Ride Safe” program was a tremendous success in our first two campaigns. Our goal this year is to create an even greater awareness related to all alcohol-related traffic incidents. We also look forward to building upon an ongoing partnership with the Police Foundation.
Blake L. Sartini II
Senior Vice President of Distributed Gaming
 
brucefan

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Word on the street is the secondary is a hot deal and should price around 30 tomorrow

I would buy this dip .
 
brucefan

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The deal priced @ 28 , the stock is up pre market . I believe the secondary too out most of the leaches from Goldman who never invest in anything, and represents the overhang in the stock . There is a 30 day quiet period after an offering like this, but then we should see some Recos JP Morgan ( the underwriter in particular )
 
brucefan

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  • 1.5​


Union Gaming positive on Golden Entertainment

Mar. 16, 2018 7:46 AM ET|By: Clark Schultz, SA News Editor

Union Gaming keeps a Buy rating on Golden Entertainment (NASDAQ:GDEN) after factoring in the company's Q4 earnings report.
Analyst John DeCree notes the strong EBITDA tally for the quarter ($229M vs. $26.5M estimated by Union) and observes that a deep freeze in Montana contributed slightly to margin pressure. DeCree's estimate for 2018 EBITA of $187M is ahead of the company's own guidance for $184M to $190M.
"We like both the value and growth opportunity in the shares of GDEN and we continue to see even incremental upside from potential M&A, the refinancing opportunity with the 2nd lien debt later this year, a potential REIT partner/transaction, and upside from the Stratosphere redevelopment program," writes DeCree.




 
brucefan

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GOLDEN ENTERTAINMENT - (GDEN) @ $29.73 ==> (VIDEO) => GDEN's ... CHEF JOHN CHURCH ... Wins "BEST CHEF" on The Food Network; (VIDEO) - REFERENCE LINK: https://goo.gl/VjGtQd This is the man responsible for completely re-designing all of GDEN's ==> FOOD -&- BEVERAGE Operations This is obviously => Quite a Big Job GDEN now owns ==> 8 Casinos -and- More than "60" Micro/Casino Bars and Taverns Chef Church just "WON" the title of "Best Chef" ... On the nationally televised TV Show called "CHOPPED" which airs weekly on "The Food Network" This is a "BIG DEAL" .... And Amazing FREE Public Relations !!! The Guy is a "ROCK STAR" in the Food World

 
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